16 Corning Avenue, Milpitas, CA 95035 - Berkshire Hathaway HomeServices California Properties

16 Corning Avenue, Milpitas, CA 95035

$3,995,000 Approx. USD 0 beds, 0 baths

Listing Agent


Melinda Collins | melinda@nexthomeaxisrealty.com
Lic#: 01178494
Broker: Courtesy of NextHome Axis Realty

Agent Remarks

Exceptional Investment or Owner-User Opportunity in Milpitas! Rare chance to acquire a strategically located, income-producing office property in thriving Milpitas. Immediate value-add potential with 12 leases due for amendmentsconvert lease terms from Gross to NNN and adjust rents to market rates to unlock instant equity. Property Highlights: * 20,939 SF two-story office building on prominent corner lot * 32 suites occupied by a diverse tenant mix of professionals and small businesses * Gross Scheduled Income: $34,717/month ($416,606 annually) * Current occupancy: 89% * Ample on-site parking * Prime location near I-880, I-680, BART, VTA, and major retail centers including the Great Mall ** Value-Add Opportunities ** * Upgrade HVAC, electrical systems, and improve water efficiency to reduce operating costs * Implement green building features to attract eco-conscious tenants * Lease vacant spaces and reposition underperforming suites at market rates * Ideal for investors seeking asset appreciation or owner-users looking to secure premium office space in one of the Bay Areas fastest-growing business hubs.

Listing Details

Property type: (Commercial)
Status: Active
MLS# ML82003329
Price: $3,995,000
HOA Fee is $0.00
Built in 1978
0.68 acres
Lot size: 0.6800
County: Santa Clara
Zoning: C2S
Heating/cooling: Central Air
Heating description: Central
MLS area: 699 - Not Defined

Last Updated: 4/22/2025

 Days On Market (DOM): 69

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This listing belongs to the 699 - Not Defined MLS area

Lat/Long: 37.424610, -121.905923.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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